Business, 25.01.2021 20:20 robert7248

1. Crane Chemicals Company acquires a delivery truck at a cost of $31,400 on January 1, 2022. The truck is expected to have a salvage value of $2,900 at the end of its 5-year useful life. Compute annual depreciation for the first and second years using the straight-line method. 2. On January 1, 2017, Salt Creek Country Club purchased a new riding mower for $17,500. The mower is expected to have a 10-year life with a $600 salvage value. What journal entry would Salt Creek make on December 31, 2017, if it uses straight-line depreciation?

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1. Crane Chemicals Company acquires a delivery truck at a cost of $31,400 on January 1, 2022. The tr...

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